Company That Moves Myanmar’s Restaurant Systems Into the Cloud to Get $500,000 Injection From Japan

The deal will see Globalway Ventures take a 30 percent stake of code2LAB A Japanese internet and cloud computing company is set to make its first venture into Myanmar via an investment in a company that offers mobile management services to restaurants. Tokyo-based Globalway Ventures is considering a $500,000 deal with code2LAB that would see […]

Myanmar Will Hit This Year’s Foreign Investment Target After All, Says DICA Official

Myanmar can reach its target amount of investment for this fiscal year despite a slow start that raised doubts the country would bring in the $6 billion projected by officials, the Directorate of Investment and Company Administration (DICA) has said. U Aung Naing Oo, DICA’s Director General, said that although approved proposals are down more […]

Myanmar auto industry shifts from used to new in shake-up

Myanmar, long known as a used-car paradise, is undergoing a drastic change in its automobile industry as the government tries to cultivate production by restricting secondhand imports. Sakura Trade Center, the Southeast Asian nation’s biggest auto importer, opened a Suzuki showroom Saturday in central Yangon. The dealership is Sakura’s first for new vehicles, as the […]

Digital tech slowly seeping into Myanmar, but still a long way to go

Myanmar is trying to learn the ropes of recent advances in digitization that ease the often frustrating burden of manual, paper-based administrative and business procedures. The country’s first digital customs management system, the Myanmar Automated Cargo Clearance System, was launched on Nov. 15 at the customs offices near the Port of Yangon, the largest trading […]

Myanmar CMP system apparel exports rise 83.7%

As of middle of December 2016, exports from Myanmar garments firms employing the cutting, making and packaging (CMP) system soared to $1.157 billion, up 83.7 per cent as against $629.709 million in the same period of the prior fiscal. Exports to Japan, the largest apparel importer from Myanmar accounted for 33 per cent of all […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

Paddy husk-powered plant in Nay Pyi Taw to be finished in May

The construction of a paddy husk-fired power plant which is jointly sponsored by Myanmar and Japan in Nay Pyi Taw is expected to be finished in May, according to the Myanmar Agribusiness Public Cooperation (MAPCO). This power plant is part of a wider MAPCO plan to place greater emphasis on power generation by the use […]

Rubber Price Rebound Prompts Some Farmers to Restart Production

​​ Myanmar rubber farmers and producers battered by months of low prices are enjoying some respite following a recovery in global markets last year. With weak local demand Myanmar’s rubber industry is at the mercy of world markets, and low prices throughout 2015 and much of 2016 led many of the country’s rubber producers to […]

Myanmar Expected to Have Earned $2 Bn From Garment Industry

​​ It is expected that Myanmar could earn about US$ 2 billion from CMP (cutting, making and packaging) garment industry, which is running under a piecework system, in 2016, according to Myanmar Garment Entrepreneurs Association. US$ 1.65 billion was earned in 2015, and over US$ 1.1 billion has been earned between April and November of […]

MTSH gives three companies green light to develop housing complex project in Thilawa SEZ

​​ A Japanese company, Super Hotel Co Ltd, and the Max and Myint Myat Htut Khaung companies, have been given the go-ahead for developments as part of a housing complex project in Thilawa Special Economic Zone, according to announcement from Myanmar Thilawa SEZ Holdings Public Limited (MTSH). Thilawa Property Development Limited (TPD), a subsidiary company […]